Mortgage Loan Originator's Course |
Mortgage Loan Originators Licensure Quick Facts
All new MLOs applicants must:
For more information, please visit the
NMLS Resource Center.
California Pre-Licensing Education Requirements
New state-licensed MLOs are required to complete 20 hours of
NMLS-approved education. This education must include:
a. 3 hours of Federal law;
for **CA-DFPI licensees: 10 hours of undefined education (referred
to as electives) + 2 hours of CA-DFPI law.
*The California DRE does not have a requirement for instruction on
state-specific law.
**The California DFPI has a requirement for 2 hours of instruction
on state-specific laws which may be satisfied by either taking a
CA-DFPI
comprehensive course or a state-specific elective course.
Renewal and Continuing Education Requirements
Every state-licensed MLO (in any approved status) is required to
complete at least 8 hours of NMLS approved education annually
beginning the year they are licensed (unless PE was completed in the
same year). Annual CE education must include:
a. 3 hours of Federal law;
for CA-DFPI licensees: 1 hour of CA-DFPI specific education (referred
to as an elective).
The deadline to complete CE is December 31st of each year.
MLOs with CA-DRE and/or CA-DFPI are prohibited from submitting an
application to renew their license if they have not completed CE.
Since it may take as long as seven (7) days for a course provider to
report a course completion into NMLS, MLOs are strongly encouraged
not to wait until the last minute to try to complete CE or they may
be prevented from submitting for renewal on time.
If you are having trouble using NMLS or need assistance in using it,
phone the NMLS Call Center at (855) 665-7123.
Our Online Pre-Licensing Courses & Exam Preparation
We have teamed up with Cape School to give you an affordable and
convenient way to learn and pass the MLO exam!
Our 20 Hour SAFE Comprehensive Principles of Mortgage Lending
(includes UST material) Online Course
is based on The Principles of Mortgage Lending textbook and
satisfies the core pre-license educational requirements for mortgage
loan originators as defined by the Secure and Fair Enforcement for
Mortgage Licensing Act of 2008 (SAFE Act). Upon successful
completion of this course you will have a strong understanding of
the mortgage loan originator industry and the laws that govern it.
It is designed to allow students the convenience of studying at home
or office, while having the opportunity to communicate with an
instructor and other students who are progressing through the course
at the same time. The course has a start date and an end date, study
at the hours that fit your schedule. The course is divided into
lessons, in topic order, as recommended by the NMLS. Features
include: Chat, Message Boards, Audio/Visual Lesson Reviews to help
retain information learned in each lesson, and interactive exercises
developed to reinforce important material. Each lesson must be
completed before proceeding to the next lesson. The student must
complete all quizzes and exercises to complete the course, then pass
a final exam with a score of 70% or better.
2 Hour CA-DFPI SAFE: Guide to California Mortgage Law NMLS Course - This course is designed to satisfy the state law pre-license educational requirements for the Department of Financial Protection and Innovation in the state of California. Upon successful completion of this course, you will have a strong understanding of the mortgage loan originator industry and the California laws that govern it. *This course is required for MLOs licensed by California-DFPI
Principles of Mortgage Lending Textbook
-
This book was designed to meet the core criteria established by the
SAFE Act for national mortgage loan originators.
NMLS TesTaker - Online Exam Simulator
-
Cape’s TESTPREP is an online exam simulator designed to help you
pass your NMLS examination the first time! The Mortgage TESTPREP
generates 125 question tests with the same ratio of questions/topics
found on the NMLS exam. You may repeat any missed questions, or
browse questions by topic. After answering each question, you will
receive an in-depth explanation for the answer to the question. Once
you have completed a test, you will receive your results showing
pass percentages on each of the four topics. The topics are:
To register or find out more information about our MLO courses and
exam preparation materials,
please click here now!
|
Pricing
Course #
|
Course Materials
|
Price |
CAMXDLWTXTCA-0 |
Mortgage TESTPREP - Online Flashcards |
$41.65 |
USMXDLITESTP-6 |
Mortgage TESTPREP - Online Exam Simulator |
$126.65 |
|
Pre-Licensing Classes |
Price |
|
20 Hour SAFE Comprehensive Principles of Mortgage Lending
(Instructor Led Online) Basic Package
|
$254.25 |
|
20 Hour SAFE Comprehensive Principles of Mortgage Lending
(Instructor Led Online) Professional Package with Online TESTPREP +
Textbook + Exam Guarantee* |
$336.75 |
20 Hour SAFE Comprehensive Principles of Mortgage Lending (Instructor Led Online) Basic Package | $298.50 | |
20 Hour SAFE Comprehensive Principles of Mortgage Lending
(Instructor Led Online) DFPI Professional Package with Online TESTPREP +
Textbook + Exam Guarantee* |
$381 | |
|
2 Hour CA-DFPI SAFE: Guide to California Mortgage Law |
$47.25 |
|
Continuing Education Courses |
Price |
|
8 Hour Self-Study Online CE (DRE) + Filing Fee |
$102 |
9 Hour Self-Study Online CE (8 hour National CE + 1 hour DFPI CE) + Filing Fee | $112 | |
8 Hour Live Webinar CE (For licensees under DRE only, no DFPI elective) + Filing Fee | $102-$112 | |
|
8 Hour Live Instruction CE Requirement (Credits: 3 law, 2 ethics, 2
non-traditional, 1 elective) + Filing Fee **Please Call for
Availability and Schedule** |
$120 |
*Plus a shipping and handling charge of $10-$12
1168 San Gabriel Blvd. #J, Rosemead, CA 91770
p: 626.571.0751 f: 626.571.0873
www.goldenhyde.com